About Folding Carton
The folding Cartons are primarily manufactured from the paper, wooden and others. Due to the increasing demand for packaging chilled or frozen foods, dry foods and many other materials. The folding carton provides on of the eco-friendly and cost effective packaging solutions. However, the volatile pricing of wooden pulps might stagnate the demand for folding cartons. Moreover, increasing paper rates will further have negative demand on the business growth. On the other hand, stringent regulation related to plastic packaging will improve the demand over the forecasted period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.59% |
Folding Carton is highly competitive, with several key players dominating the industry. The market players are focused on developing a variety of features and benefits to meet the needs and preferences of consumers. Thus, constantly introducing new innovation in processing to meet the changing needs and preferences of consumers. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.The Vendors having a strong hold in the market are Graphic Packaging, Smurfit Kappa, Sonoco Products, WestRock, and All Packaging. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Folding Carton market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Graphic Packaging International, Inc. (United States), Smurfit Kappa Group (Ireland), Sonoco Products Company (United States), WestRock (United States), All Packaging Company (United States), Amcor plc (Australia), Bell Incorporated (United States), Delta Packaging Inc (United States), International Paper Company (United States) and Mayr-Melnhof Karton AG (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Huhtamaki Oyj (Finland) and Smurfit Kappa Group (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Folding Carton market by Type (Rectangular Sleeve, Standard Reverse Tuck, Standard Straight Tuck, Mailer Lock, Bellows (Gusset) Tuck and Others) and Region.
On the basis of geography, the market of Folding Carton has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Recieved Order Type, the sub-segment i.e. Customized Order will boost the Folding Carton market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dimension Type, the sub-segment i.e. Less than 4" X 1.5" X 6" will boost the Folding Carton market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Folding Boxboard will boost the Folding Carton market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Food Products will boost the Folding Carton market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction to Technologically Advanced Folding Carton Manufacturers and Growing Adoption of Single Serve Packs & Introduction OR code Enabled Folding Carton
Market Growth Drivers:
Banned Plastic Packaging in Various Regions will Boost the Demand for Folding Cartons and Increasing Adoption of Environment-Friendly Packaging Techniques
Challenges:
Lack of Durability for Paper Folding Cartons
Restraints:
Comparatively Lack of Strength in Folding Carton as compared to Plastic Packaging and Limited Availability of Appearance Textures in case of Folding Carton
Opportunities:
Increasing Need for Inclusion of Holographic Images, Fresnel Lenses, and Other 3D Devices and Growing Applications of Smart Packaging in Numerous Industries
Market Leaders and their expansionary development strategies
On January 12, 2023, WestRock announced the acquisition of Smurfit Kappa's European corrugated packaging business for €6.4 billion. This deal creates a major player in the European folding carton market.
On May 17, 2023, Sonoco launches its new EnviroFlex™ sustainable folding carton, made from recycled paperboard and bio-based materials. This product offers a more environmentally friendly alternative to traditional folding cartons.
Key Target Audience
Folding Carton Manufacturers, Folding Carton Distributors and Traders, Upstream and Downstream Buyers, Packaging Industry Associations, Government Agencies, Financial Institutes and Venture Capitals and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.